Connect with us

Tech

How to use AI to transform your business

Published

on

Artificial intelligence (AI) is a powerful technology that can transform your business. By leveraging AI, you can automate routine tasks, gain valuable insights from data and improve decision-making. 

While AI might not take away all jobs, it can make it hard for you to survive if you do not know how to use it. Therefore, a successful person in the future could be defined as someone who knows how to use AI for their good and anyone who does not know how to do so may be left behind.

Here are five ways to use AI to transform your business:

1. Automate routine tasks

AI can help you automate routine tasks, freeing up your employees to focus on more complex and strategic work. For example, you can use AI-powered chatbots to handle customer service inquiries, reducing the workload on your support team. AI can also be used to automate repetitive tasks like data entry, data cleaning, and data analysis, enabling your employees to work on more high-value tasks.

2. Gain valuable insights from data

AI can help you extract valuable insights from your data, providing you with a competitive advantage. With AI-powered analytics tools, you can analyze large datasets and identify patterns and trends that would be impossible to detect manually. For example, you can use AI to analyze customer behaviour and preferences, enabling you to tailor your marketing messages and product offerings to better meet their needs.

3. Improve decision-making

AI can help you make better decisions by providing you with accurate and reliable information. With AI-powered decision support systems, you can analyze complex data and receive recommendations on the best course of action. For example, you can use AI to predict demand for your products, enabling you to optimize your inventory and avoid stockouts.

4. Enhance customer experience

AI can help you enhance the customer experience by providing personalized and proactive support. With AI-powered chatbots and virtual assistants, you can provide instant and 24/7 support to your customers, resolving their issues quickly and efficiently. You can also use AI to analyze customer feedback and sentiment, enabling you to identify areas for improvement and take proactive measures to address them.

5. Increase operational efficiency

AI can help you increase operational efficiency by optimizing your processes and workflows. With AI-powered process automation, you can streamline your workflows and reduce manual errors, resulting in faster and more efficient operations. For example, you can use AI to automate supply chain management, enabling you to optimize inventory levels and reduce waste.

In conclusion, AI is a powerful technology that can help you transform your business. By doing the aforementioned things, you can achieve significant improvements in productivity, profitability, and competitiveness. To get started with AI, identify the areas of your business that could benefit from AI and explore the available AI tools and solutions. With the right approach and mindset, you can use AI to make your business better and achieve your goals.

Latest News

Bitcoin makes its first breach of $94,000.

Published

on

By

As news broke that Donald Trump’s social media company was in negotiations to acquire cryptocurrency trading platform Bakkt (BKKT.N), Bitcoin surged to a record high above $94,000, adding to optimism that the next Trump administration would be cryptocurrency-friendly.

This year, Bitcoin, the largest and most well-known cryptocurrency in the world, has more than doubled in value. Just before the close of the previous session, it reached a record high of $94,078 before closing at $92,104 in Asian hours on Wednesday.

According to the Financial Times, which cited two persons with knowledge, NYSE-owner Intercontinental Exchange (ICE.N) is supporting Trump Media and Technology Group (DJT.O), opens new tab, which runs Truth Social, in its pursuit of an all-stock purchase of Bakkt.

In addition to traders taking advantage of the first day of options trading on the Nasdaq over BlackRock’s Bitcoin ETF (IBIT.O), Tony Sycamore, market analyst at IG, stated that the Trump deal chatter had helped push bitcoin to a record high.

As traders hoped that President-elect Trump’s pledged support for digital assets would result in a less stringent regulatory framework and give bitcoin a boost after a sluggish few months, cryptocurrencies have surged since the U.S. election on November 5.

According to data and analytics aggregator CoinGecko, the global cryptocurrency market is now worth over $3 trillion, a new high, due to the growing excitement.

Australian online broker Pepperstone’s head of research, Chris Weston, stated that there is genuine underlying purchasing pressure on bitcoin and that “another kick higher should bring in a fresh chase from those who like to buy what’s strong.”

Continue Reading

Latest News

The PTA discloses how many VPNs are registered in Pakistan.

Published

on

By

Speaking at the Senate Standing Committee on IT meeting in Islamabad, which was presided over by Palwasha Khan, was the PTA chief.

The continuous regulation of Virtual Private Networks (VPNs) in Pakistan was the main topic of discussion. The committee called for the next meeting and voiced concerns about the Minister of State for IT’s absence for the third consecutive session.

“We have spent the last two years developing VPN legislation. Uninterrupted internet connection is guaranteed by registered VPNs without sacrificing privacy, according to the PTA chairman.

During the session, Senator Muhammad Humayun criticized the measures, saying, “Shutting down platforms like X (formerly Twitter) is jeopardizing the entire IT industry and impacting the livelihoods of over 2.5 million individuals in Pakistan.”

He opposed laws that would hurt independent contractors and small companies.

Although the PTA promised that registered VPNs would not experience internet outages, committee members wanted to know the exact legal foundation for these regulations. Senator Kamran Murtaza asked for documents that detailed the requirements for registration.

“If VPN services are abruptly halted, there will be a major backlash,” Senator Afnan Ullah said. While pointing out that Pakistan’s IT exports had increased by 20% in the previous year, he emphasised that the sector was still lagging behind India.

Concerns over the viability of the existing VPN whitelist method were voiced by the committee. While IT officials admitted that more than 1 million freelancers in Pakistan rely significantly on VPNs for their business, Senator Humayun pointed out that the laws should be more beneficial than harmful.

Continue Reading

Latest News

Pakistan declares AI chatbots to be dangers to security.

Published

on

By

The National Computer Emergency Response Team (CERT) has released a security advisory concerning the increasing utilization of artificial intelligence (AI) chatbots, emphasizing potential hazards related to the exposing of private data.

The recommendation recognizes that AI chatbots, like ChatGPT, have gained significant popularity for personal and professional duties owing to their capacity to improve productivity and engagement. Nonetheless, the CERT cautions that these AI systems frequently retain sensitive information, so posing a danger of data breaches.

Engagements with AI chatbots may encompass sensitive information, such as corporate strategy, personal dialogues, or confidential correspondence, which could be compromised if inadequately safeguarded. The warning emphasizes the necessity for a comprehensive cybersecurity framework to alleviate concerns associated with AI chatbot utilization.

Users are advised against inputting critical information into AI chatbots and are encouraged to deactivate any chat-saving functionalities to mitigate the danger of unwanted data access. The CERT additionally advises performing routine system security checks and employing monitoring tools to identify any anomalous behavior from AI chatbots.

Organizations are urged to adopt rigorous security protocols to safeguard against possible data breaches resulting from AI-driven interactions.

Continue Reading

Trending